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People in the News

Jan. 31 - Georgia Southern economics students top performers in national trading competition

Category: People in the News

Savannah Business Journal Staff Report

January 31, 2019 - A team of four economics majors at Georgia Southern University’s Parker College of Business recently took fourth place at TD Ameritrade’s thinkorswim Challenge, a real-world cash trading experience, after going head-to-head with 500 college teams from around the country.

 
“This competition enhanced students’ critical and analytical thinking skills,” said Omid M. Ardakani, Ph.D., assistant professor of economics. “They learned how to connect theoretical concepts with practice, which bridges the gap between theory and the real world. The skills they developed during this challenge will help them in their future career.”
 
Handed a portfolio with $500,000 in virtual dollars to trade stocks, options and exchange-traded funds, teams were challenged to put classroom theories into practice and see who could earn the most money with professional-level technology using the paperMoney trading simulator.
 
Students Shaye Escritor, Nathan Insel, Angel Lopez-Akiyama and Layke Touchet, led by Ardakani, invested their funds in equities and financial derivatives. Their group, called Alpha Team Hedge, realized an average return of 187 percent by the end of the challenge.
 
The group outperformed index funds, hedge funds and other teams by using theoretical and empirical knowledge of financial derivatives taught by Ardakani in his financial derivatives course. In total, the group was able to grow their initial portfolio to more than $1.4 million.
 
The Department of Economics, housed within the Parker College of Business, provides students with the foundation for careers in business, economics, law, public policy and regional development.
 

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